WATCH THIS SPACE! Coming Soon: Texas Supreme Court pronouncements on significant issues of contract interpretation and enforcement

Early in December the Texas Supreme Court heard oral argument in three cases in which the Court likely will render provide important guidance as to key issues for contract interpretation and the interplay between contract and fraud claims.

The field of conflict is a familiar one. Two sophisticated parties, represented by able counsel, sign a multi-page single-spaced contract containing all the usual provisions, including a merger clause, disclaimers of reliance, and other prose designed to ensure that any post-execution disputes are determined according to the words of the contract and involve only contractual remedies.